SBA Lenders’ Loan Volume Up 25%, Value Dipped

As Seen in the Orange County Business Journal

SBA lending in Orange County experienced a notable shift in 2024, with the number of loans increasing by 25% even as total dollar volume dipped nearly 9% to $265.3 million. The trend suggests that while more small businesses are seeking funding, many are taking a more cautious approach, likely in response to persistent high interest rates. Despite the dip in volume, lenders across the region are reporting strong demand, particularly for real estate acquisitions and business transitions. Institutions like TMC Financing and U.S. Bank noted continued momentum, underscoring the enduring role SBA programs play in supporting small business growth, even in uncertain economic conditions.

One standout in the report was Commercial Bank of California, which grew its SBA loan volume by 683% year-over-year—the largest increase among surveyed lenders. CEO Ash Patel emphasized the bank’s national ambitions, stating, “Most recently, we welcomed a new SBA business development officer based in New Jersey who will oversee our East Coast and Midwest territories. This strategic hire allows us to deepen our national footprint, explore new industry segments and better serve small businesses across a broader range of markets.” In a higher-rate environment where traditional credit access remains challenging, banks like CBC that invest in SBA expansion may find an edge—both regionally and nationally.

Click here to read the full article on the OCBJ’s website (password required)